305 Lenox Ave - Apartments FOR SALE
Oakland, CA 94610 |
305 Lenox Ave
Oakland, CA 94610
HIGHLIGHTS
- Prime Adams Point location just blocks from Lake Merritt, Grand Avenue, and Lakeshore Avenue retail corridors
- Strong in-place cash flow with a 6.12% cap rate and 9.15 gross rent multiplier based on current income
- Well-maintained 10-unit building totaling approximately 6,982 RSF
- Desirable unit mix: (1) Studio, (8) 1BR/1BA, and (1) 2BR/1BA units
- Historically low vacancy and consistent tenant demand in a supply-constrained market
- Below-market rents provide clear rental upside through turnover or modest unit upgrades
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
6982
STORIES
2
YEAR BUILT
1958
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
010-0771-008-00
